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UK DATA

PMI: More focus on inflation

EUROPEAN DATA

PMI: "Survey-record price increases"

US-CHINA

Biden Commits To Taiwan Defence, Beijing Pushes Back

DATA REACT

EURUSD to high of the day but limited FI reaction

FOREX
FOREX: The USD stages a mini recovery with added support from UST yields. USDJPY
improves 10 pips to Y110.53 with resistance from the intraday high at Y110.79,
near-term support at Y110.16 (200-dma). EURUSD eases off its best levels of the
day ($1.1767) to hold $1.1735/40. GBP, AUD & NZD register modest losses.